This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

NASDAQ OMX And World Steel Exchange Marketing Announce Strategic Partnership

"As we expand our footprint in the derivatives space, our U.S. futures platform will allow NASDAQ OMX to offer member firms new trading opportunities in various products, including metals," said Eric Noll, Executive Vice President of Transaction Services U.S. and U.K. at NASDAQ OMX.

"We're thrilled to partner with WSEM as we look to develop a robust product suite of steel futures which leverages our INET trading platform and the NASDAQ OMX Data Center for efficient execution across asset classes," said Daniel Carrigan, President of NFX.

For more information about NFX, please visit our website at:

www.nasdaqtrader.com/NFX

World Steel Exchange Marketing (WSEM):

WSEM will be periodically assisted by World Steel Dynamics (WSD) and its 12 person staff, and is responsible for marketing all steel related futures products. In addition, WSEM educates the steel industry on the benefits of using futures to hedge the steel price risk to steel buyers and sellers, to professional investors, and to those with large steel equity holdings. WSEM is led by WSD's managing director, Peter Marcus, a renowned analyst of the steel industry for 51 years and the founder of World Steel Dynamics. Marcus believes the advent of steel futures trading brings with it a revolution in the way the industry buys and sells steel. The biggest winners will be those who adopt these new financial tools the earliest and the customers they serve.

Pat McCormick, WSEM president, came to WSD six years ago after a 30-year career at Emerson. Pat founded WSD's "Steel Stratagems" consulting service which works with select clients to help them better manage raw material and finished product price risk. John Conheeney, EVP, has over 25 years of experience in the futures markets, and will help customers gain market access, understand the contracts, and work with them to appreciate the benefits of managing the price risk with futures.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs